The Scotts Miracle-Gro Company
SMGBasic Materials · Stock · quarterly payer
Forward Yield
4.40%
Annual Dividend
$2.64
Payout Ratio
102%
5-Yr Growth
2.2%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Summary
As of September 2026, The Scotts Miracle-Gro Company (SMG) yields 4.40% ($2.64 per share annually), with a blended fair-value estimate of $51.09 — -15% downside, so it screens as overvalued. Dividend safety grade: A (80/100).
Is SMG a good dividend stock?
YesThe Scotts Miracle-Gro Company (SMG) pays a quarterly dividend yielding 4.40% ($2.64/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (102%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.40%
- Payout Ratio
- 102%
- Annual Dividend
- $2.64
- 5-Yr Avg Growth
- 2.2%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.83
- Market Cap
- $3.5B
- P/E Ratio
- 23.2
- 5-Yr Total Return
- -59%
- 52-Week Range
- $52.00 – $75.34
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
Frequently Asked Questions
SMG Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+17%
5 Years
-59%
52-Week Range
$52.00 – $75.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SMG worth?
Overvaluedhigh confidenceOur blended fair-value estimate for The Scotts Miracle-Gro Company is $51.09 per share, versus a market price of $60.43. That implies 15% of downside.
Fair Value
$51.09
Current Price
$60.43
Downside
-15%
Margin of Safety
-18%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 8.7% annual free-cash-flow growth. We model 8.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 8.0% stage-1 growth, 2.5% terminal growth, $2.58 EPS, $2.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SMG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | — | $0.6600 | regular |
| May 22, 2026 | — | $0.6600 | regular |
| Feb 20, 2026 | — | $0.6600 | regular |
| Nov 21, 2025 | — | $0.6600 | regular |
| Aug 22, 2025 | — | $0.6600 | regular |
| May 23, 2025 | — | $0.6600 | regular |
| Feb 21, 2025 | — | $0.6600 | regular |
| Nov 22, 2024 | — | $0.6600 | regular |
| Aug 23, 2024 | — | $0.6600 | regular |
| May 23, 2024 | — | $0.6600 | regular |
| Feb 22, 2024 | — | $0.6600 | regular |
| Nov 24, 2023 | — | $0.6600 | regular |
| Aug 24, 2023 | — | $0.6600 | regular |
| May 25, 2023 | — | $0.6600 | regular |
Income Calculator
At $2.64 / yr per share
